Quarterly report pursuant to Section 13 or 15(d)

Short-Term Investments and Amounts in Escrow

v3.19.2
Short-Term Investments and Amounts in Escrow
3 Months Ended
Jun. 30, 2019
Short-term Investments [Abstract]  
Short-term Investments and amounts in escrow
3. Short-term Investments and amounts in escrow

 

At June 30, 2019, the Company has a $38,194 (CAD$50,000) (March 31, 2019 - $38,147) Guaranteed Investment Certificate ("GIC") held as security against a corporate credit card. The GIC bears interest at 0.5% per annum and matures February 4, 2020.

 

At June 30, 2019, the Company's solicitor is holding $2,536,127 (March 31, 2019 - $1,698,791) relating to proceeds under customer contracts to be released upon satisfying performance obligations.